Rumors indicate the would-be phablet hybrid is slated for a 2013 launch.

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Rumors circulating around the Web point to a 2013 release for the Samsung Galaxy Note III, which will purportedly feature a 6.3-inch OLED display according to The Korea Times. The news comes after the company announced it will reduce its investment in the LCD TV business, instead focusing on tablets as the demand increases.

An anonymous official from Samsung told The Korea Times that the television market in the United States “remains sluggish,” so the company will shift its efforts to push the sales of its Galaxy line of devices. This includes the Galaxy Note III and the Galaxy SIV, which is rumored to be introduced at February’s Mobile World Congress (MWC).

Smartphone displays have gotten bigger over the years, with some of the latest handsets as big as 4.7 and 5 inches (like LG’s Optimus G and HTC's Droid DNA). Samsung’s Galaxy Note II currently measures in at 5.5 inches. If the rumors are true, that means the company will be tacking on nearly an extra inch for the third-generation tablet-handset. At that size, the Note III would almost be as big as an Asus Nexus 7. It makes us wonder if it can truly be dubbed a “phablet” at that point.